Consumer confidence has plummeted according to the GfK consumer confidence index with the chancellor yet to take solid economic measures to avert recession (Jonathan Brady/PA)
(Picture: PA Wire)Consumer confidence has plummeted to a record low with no “reason for optimism any time soon” as public concern over the cost of living crisis takes hold.
GfK’s bellwether consumer confidence index dropped two points to minus 40 in May, the lowest score since the survey began in 1974.
